COUNTRY’S ECONOMY IN DEEP CRISIS: VINOD SHARMA

COUNTRY’S ECONOMY IN DEEP CRISIS: VINOD SHARMA

10-JUNE-ENG 1

RAJIV NAYAN AGRAWAL

ARA--------------------------The country’s economy is going through a deep crisis and this crisis is clearly visible not only in the figures but also on the ground.

Social activist and advocate Vinod Verma targeted the central government and alleged that India’s economy has faltered badly today due to fake notes, increasing foreign debt, privatization policies and increasing inequality. He said that 37% of the Rs. 500 notes in the country are fake and these notes are openly circulating in the market without any check. This proves that a large network of fake notes is active in the country which cannot possibly flourish without the protection of those in power.

He said that now even the Reserve Bank of India (RBI) has accepted it which shows an extremely serious and worrying situation. He further said that India’s economy is already burdened with a heavy burden of foreign debt while the foreign debt was 446 billion US dollars in the year 2014, it has increased to 7.11 trillion dollars in 2025. This information was given by the Ministry of State for Finance, Pankaj Chaudhary in response to a question asked in the Lok Sabha on March 24, 2025. He informed that the government has to pay about 27 billion US dollars every year which is directly affecting the development work and policy plans of the country.